We are still keeping our eyes open for stuff but its slim pickin's in our area for the time being.

I try to be optimistic when I calculate return on investment, and even if I go against NACA's rules that you have to live in the building (in other words I would rent out all three units) I am having trouble getting the numbers to be positive or even break even every month.For a NACA mortgage to work, you have to have an incredible confluence of low purchase price, minimal repairs, high rents, and a willing seller...in other words, we have a slim chance in California...the good deals get bought up in cash within days of hitting the mls.Don't get depressed, and keep looking though...where else can you buy property with no money down?

I'm understanding that the current institutional market is pretty slim.....that's because it's pretty well controlled and manipulated by the time it gets to the street.

The margins are slim but still positive, but the reason I purchased the house is due to property values rising a significant amount in two years (dam issue on lake, currently extremely low, coming back up in 2022 after repairs).  

The margins are pretty slim in my price range.

You can tell everyone otherwise, including myself, but I know for a fact that the chances of me buying from NW or NWA is slim to none. 

But I remember a poster once wrote (I think it was Nate) that if you run a good business, provide quality service and do not cut corners, the likelyhood that a lawsuit exceeds your insurance is slim.

Chances are slim to none at that level of debt and especially at those rates.

Let's say you still walk away with 30K after everything's said and done, would that gross profit still be too slim?

I am attempting to launch my first purchase within Q1 of 2017 with a focus on searching for 3 to 4 unit + properties, but the upstate seems to be slim pickings.